**Seller open to "seller-financing" / partnership structures. One of the most compelling redevelopment opportunity available on Plum Island, with the the property offering ocean views just steps to the beach & attractions. Situated on a 6,499sqft lot with 6 off-street parking spaces, the property is a grandfathered legal 3-family structure containing ~1,810sqft of living area. 2 potential development concepts may include: (1) three luxury 2-bedroom, 1-bath condos with parking & outdoor deck space; or (2) two larger 3-bedroom luxury condos with parking & outdoor deck space. Conceptual plans are available to qualified buyers. Additional development potential and/or expanded FAR (Floor Area Ratio) may be possible through future town permitting/approvals. Buyer to perform all due diligence. Seller/Seller's agent make no representations or warranties regarding the condition of the existing structure & do not represent the building as salvageable for renovation. Property sold as-is.
This home is a must-see - large with generous sized rooms. Amazing investment opportunity or private beach home. $200K PRICE REDUCTION! Let's go! Don't miss out - Here's your sign to BUY THE BEACH HOUSE! Totally renovated turnkey investment property STUNNING BEACH HOUSE! This property has the unique ability to live as a single family home with 5 beds/2 baths AND by closing one locked door, it can live as a 2-Family property with one unit on the 1st floor and the 2nd unit on the 2nd floor. Need a 1st floor for YOUR PARENTS?! This spectacular turnkey home on Plum Island offers the ultimate in coastal living with breathtaking views of the ocean and the basin - just across the street from the beach. Tastefully renovated and taken down to the studs w/new electric, plumbing, heating, A/C, floors, walls, lighting, quartz countertop/kitchens, baths & appliances. The 2nd floor 3BR main living space has vaulted ceilings, skylights & expansive open concept kitchen, living, dining space with tremendous ocean views. The 1st floor can be used as a separate 2BR rental unit. Beautifully designed gourmet kitchens, and expansive decks-perfect for soaking in both sunrises & sunsets. This property includes significant summer PARKING LOT INCOME POTENTIAL if you'd like to utilize it! Whether you're looking for a full-time residence with 5 bedrooms, a vacation escape or an investment opportunity, this home delivers it all ~ views, wildlife, water access & the magic of island life! Ideal location across the street from the public beach bath, walkable to all of the restaurants, and PRIME location for Plumfest. VRBO rate: $7500/week summer rent.
Newbury is located in Massachusetts. Newbury, Massachusetts has a population of 6,745. Newbury is less family-centric than the surrounding county with 25.68% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Newbury, Massachusetts is $152,356. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Newbury is 50.3 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 14.8 degrees. The average rainfall is approximately 50.4 inches per year, with 54.7 inches of snow per year.
